Amuch better result than I was expecting! $1.8mUSD profit for...

Amuch better result than I was expecting!

$1.8mUSD profit for the month. No doubt helped by the Sezzle Premium income and convenience fees. Despite staring into a US recession, they have managed to reduce the loss rate from 3.5% of UMS to 1.5% or lower. I would like to see more Sezzle Premium subscribers, but taking away the monthly subscription options appears to have impacted growth here.

Thebiggest surprise for me is the confidence around their capital position. I feared they were gearing up for a capital raise. They have all but ruled out a capital raise in the short-term. I suppose Charlie, as a ~50% shareholder, doesn’t want to dilute his ownership at a low share price.

Amazinggraph below – expenses down, revenue up, from a massive loss to a decentprofit. What a turnaround in a year! I’m keen to see what the rollout of Sezzle Anywhere does for their numbers in 2023.